Silver is still moving in the same tight range as mentioned in our yesterday's midday report without a clear signal especially with touching the 11.90-11.85 areas (cluster Resistance turned support),a break of which will confirm our previous bearish outlook depending on breaching the lower line of the ascending channel as shown on the chart that will push the indicators to show downside clear signals.

The trading range for today is among the key support at 11.34 and the key resistance now at 12.55

The general trend is to the downside as far as 14.70 remains intact with targets at 9.85 and 8.50.

Resistance11.96 12.05 12.12 12.16 12.25


Sell silver with 4h close below 11.75 with targets at 11.50 and stop loss with 4h close above 11.95